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The Organization's Management in a Crisis Context

Author

Listed:
  • Vasile DEAC

    (The Bucharest Academy of Economic Studies, Romania)

  • Alin Ionut DUMITRESCU-DRAGAN

    (The Rotterdam School of Management, Erasmus University)

Abstract

After we woke from the exhilaration of December ’89, glad that we got rid of socialism, in the following years we have been looking around us, and we saw everywhere all kinds of problems: financial blockages, the lack of markets both for the inputs and for the outputs, massive restrictions of activity and, as a consequence, unemployment and powerful social conflicts, abnormal prices rises. When we thought we pulled ourselves together, reaching to the year of 2008, we didn’t have a lot of time to enjoy our success, noticing that USA, instead of giving us its economic performance, brought us a financial crisis, followed by an economic one. That’s the last straw! and now we’re waiting now for a sheet anchor to save us from the current economic-financial crisis…from the management. The paper seeks to highlight the necessary changes in the management activity in the current crisis context, respectively the existence of a coherent strategy of the company to assure it the necessary performance for entering the competition, the changing of the dominant way of thinking, the impact of the clients’ attitude regarding the employees, the need of leadership and the awareness of the fact that any crisis means another opportunity.

Suggested Citation

  • Vasile DEAC & Alin Ionut DUMITRESCU-DRAGAN, 2011. "The Organization's Management in a Crisis Context," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 12(6), pages 268-273, December.
    • Handle: RePEc:rom:rmcimn:v:12:y:2011:i:6:p:268-273
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    More about this item

    Keywords

    the crisis’ management; economic crisis; destructive competition; menaces; opportunities; leadership.;
    All these keywords.

    JEL classification:

    • M19 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Other

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